Q1 2025 TTK Prestige Ltd Earnings Call Transcript

Jul 26, 2024 / 10:00AM GMT

Release Date Price: ₹921.85 (+1.27%)

Transcript

Key Points

Positve

Smooth management transition with Venkatesh Vijayaraghavan taking over as CEO and MD designate.
Exclusive business channels, modern formats, and e-commerce performed extremely well.
Robust profitability despite market challenges.
Significant investments in R&D and capability building to drive future growth.
Double-digit growth observed in June, indicating a potential market recovery.

Negative

Flat top-line growth for the quarter, impacted by slow sales in April and May.
General trade and rural markets remain subdued, affecting overall performance.
Operating EBITDA margin dropped to 10.8%, with future pressure anticipated from commodity costs.
Consultancy costs of INR 12 crores impacting profitability.
Challenges in the UK market with no immediate signs of improvement.

Operator

Ladies and gentlemen, good day, and welcome to the TTK Prestige Limited Q1 FY25 Earnings Conference Call hosted by Ambit Capital. (Operator Instructions). Please note that this conference is being recorded. I now hand the conference over to Mr. Dhruv Jain from Ambit Capital. Thank you, and over to you, sir.

Dhruv Jain

Ambit Capital - Moderator

Thank you. Hello, everyone. Welcome to TTK Prestige 1Q FY25 Earnings Call. From the management side today, we have with us Mr. Chandru Kalro, Managing Director; Mr. K. Shankaran, full time Director; Mr. Venkatesh Vijayaraghavan, Chief Executive Officer; and Mr. R. Saranyan, Chief Financial Officer. Thank you, and over to you, sir, for your opening remarks.

R. Saranyan TTK Prestige Limited;CFO

Good evening, everyone. Welcome to TTK is earnings call for Q1 FY25. This is Saranyan, CFO. Before I hand over the proceeding to our Managing Director, Mr. Chandru Kalro, for his opening remarks. I just want to remind the participants that the discussion today may contain certain

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